Some good news
Recent business trends show that the general economy is starting to show signs of life. Truck and rail shipments are up three months in a row and the trade gap decline at a near record rate as exports showed surprising strength. On top of this retail sales rose for the second consecutive month.
Most economists believe that the economy won’t recover until housing shows firm signs of recovery. While signals that housing is mending are still faint, August was better than July in terms of sales. Some feel that the recent small uptick in interest rates will drive incremental buyers off the sidelines. Perhaps. Better is the news that unemployment appears to have finally peaked and as stated above there are signals that things are looking up, albeit only slightly.